The Nifty 50 started Thursday's session on a positive note and touched an intraday high of 24,134.70 in early trade. This level marked nearly a 61.8% retracement of the previous day's decline. However, the index failed to sustain at higher levels and gave up more than 150 points from the day's high in the second half of the session. Despite this late weakness, the index ended higher by 80.75 points, or 0.34%, and snapped its two-day losing streak. However, the close below the psychological 24,000 mark kept the recovery muted. Nifty Forms Inside Candle Thursday's price action resulted in the formation of an inside candle. This came after the previous session recorded the widest single-day range in over one month. The latest candle had a small green body and a long upper shadow, which indicates hesitation at higher levels. This suggests that while buying interest emerged after the recent decline, traders were not confident enough to carry positions aggressively. ...
A rare pre-historic fossil, possibly 35 to 40 million years old, has been stolen from a village in Meghalaya, leaving people in shock and outraged. The fossil was discovered in May last year in the state's Tolegre village in South Garo Hills.
The Geological Survey of India (GSI) had examined the site last year and collected samples. Following this, the villagers were safeguarding the remaining fossil by restricting access to the area, officials said.
The fossil is possibly from the extinct Rodhocetus or Ambulocetus - early ancestors of modern whales.
A case has been filed at the Siju Police Station and the police are on the lookout for the culprits, officials said.
According to Meghalaya Education Minister Rakkam Sangma, the state government was planning to build a museum at the site.
"The villagers informed me...They have filed an FIR. This is very unfortunate. It should not have happened...A portion of the fossil has been cut and taken away. This fossil is an asset to the state and the country. We will find and arrest the culprit," he said.
"This site is located in Tolegre under my constituency, under Siju Police Station, South Garo Hills, Meghalaya. Geologists from abroad had discovered it. The state government was considering constructing a museum at the site, and as the local MLA, I was planning to push for it. Now, we will have to see how things unfold. The police will conduct an inquiry," Mr Sangma added.
from NDTV News- Special https://ift.tt/nIhRFpY
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